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Concrete Admixtures Market: By Product Type ), By End User and Geography
Concrete Admixtures Market: By Product Type ), By End User and Geography
Concrete Admixtures Market size was valued at US$ 20.27 billion in 2023 and poised to grow at a significant CAGR of nearly 8.3% from 2024-2030, due to the increase in the construction, renovation of old buildings, and rapid growth in the infrastructure for residential and commercial sectors in developing and developed regions. Additionally, an increase in the demand for concrete admixtures due to the performance benefits offered by concrete admixtures such as high strength, durability, and stand to high pressure and chemicals are fueling the market growth and technological advancement boosts the growth of concrete admixtures market. However, the rising cost of complex concrete admixtures, lack of trained professionals to operate, and difficulty in finding suitable concrete admixtures are the major factors that hinder the growth of the concrete admixtures market. Residential building has been driven by population growth, migration from hometowns to service industry clusters, and the expanding trend of the nuclear family around the world. Furthermore, the decreasing land-to-population ratio and the rising trend of building high-rise residential buildings and townships have fueled the use of concrete admixtures in residential areas. Indonesia is one of the largest and fastest-growing residential construction markets in Southeast Asia. Furthermore, the Indonesian government has begun a program to construct approximately one million housing units across the country, for which the government has budgeted approximately US$ 1 billion. China, India, and different Southeast Asian countries lead the low-cost house construction industry in Asia-Pacific. However, because most Asia-Pacific countries have been adversely impacted by COVID-19, growth is projected to drop significantly in the immediate term.
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
Asia PacificFastest Growing Market
North America
In the recent years, Due to rapid urbanizations and industrialization increase in the growth of constructions for residential and commercial building which required large quantity of concrete admixtures are extensively used for various processes, to perform different functions such as barrier for molten slag and the containing medium. Concrete Admixtures provide physical protection and reduce erosion of surface by keeping the medium circulated. They are manufactured from natural and synthetic materials, and are blended with the concrete mixture along with binding agents and others. These materials are chemically and physically stable at any conditions which enhance the durability of the constructions. Moreover, technological advancements, rising disposable incomes and various research and development are some of the key factors which are rising the demand of the concrete admixtures market.
Asia Pacific accounted for larger revenue share in global concrete admixtures market with considerable CAGR. The growth in this region, especially in emerging economies such as India and China can be attributed to rising in the usage of concrete admixtures in manufacturing industries such as steel & iron, cement, glass etc., in the construction of residential and commercial buildings. Additionally, in this region is supported by high expenses for development and renovating technically advanced building. European market dominates by advanced constructions and infrastructure renovations systems. In North America concrete admixtures is largely driven by the urbanizations, and skilled manpower, increase in disposable incomes and increasing government emphasis on developments infrastructure in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 20.27 billion |
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Market CAGR |
8.3% |
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By Product Type |
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By End User |
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The concrete admixtures market size was valued at US$ 20.27 billion in 2023
The concrete admixtures market key players are: Vesuvius (UK) Kurosaki Harima (Japan) Shinagawa Concrete Admixtures (Japan) Saint-Gobain (France) Corning Incorporated (US) Morgan Advanced Materials (UK) CoorsTek, Inc. (US) HarbisonWalker International, Inc. (US) IMERYS (France) Chosun Concrete Admixtures (South Korea) RHI Magnesita (Austria) Puyang Concrete Admixtures (China) IFGL Concrete Admixtures (India) Resco Products, Inc. (US) Refractechnik Holding GmbH (Germany) Minteq International Inc. (US)
The concrete admixtures market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.